Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,100 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory. Cost of beginning work in process Direct materials. Conversion Costs added this month Direct materials Conversion Units 3,000 11,100 10,000 4,100 Percent Complete for Percent Direct Materials 60% $1,511 312 19,024 22,968 90% Complete for Conversion 40% $1,823 41,992 40% QS 16-12 (Algo) Weighted average: Assigning costs to output LO P1 Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that remain in process in the Assembly department at month-end. Use the weighted average method
Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,100 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory. Cost of beginning work in process Direct materials. Conversion Costs added this month Direct materials Conversion Units 3,000 11,100 10,000 4,100 Percent Complete for Percent Direct Materials 60% $1,511 312 19,024 22,968 90% Complete for Conversion 40% $1,823 41,992 40% QS 16-12 (Algo) Weighted average: Assigning costs to output LO P1 Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that remain in process in the Assembly department at month-end. Use the weighted average method
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Concept explainers
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
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![Required information
Use the following information for the Quick Study below. (Algo)
[The following information applies to the questions displayed below.]
Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,100
units during November. The following production activity in both units and costs refers to the Assembly department's
November activities.
Assembly Department
Beginning work in process inventory
Units started this period
Units completed and transferred out
Ending work in process inventory.
Cost of beginning work in process
Direct materials
Conversion
Costs added this month
Direct materials
Conversion
Units
3,000
11,100
10,000
4,100
Percent
Complete for Percent
Complete for
Direct
Materials
60%
$1,511
312
19,024
22,968
90%
$1,823
41,992
Conversion
40%
40%
QS 16-12 (Algo) Weighted average: Assigning costs to output LO P1
Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that
remain in process in the Assembly department at month-end. Use the weighted average method](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fad2a539d-bb47-4eed-bc0e-d796c95bfe57%2Fdef6fcda-b89c-48e6-bd72-941fd60f2bbd%2F2mqb6r8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Use the following information for the Quick Study below. (Algo)
[The following information applies to the questions displayed below.]
Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,100
units during November. The following production activity in both units and costs refers to the Assembly department's
November activities.
Assembly Department
Beginning work in process inventory
Units started this period
Units completed and transferred out
Ending work in process inventory.
Cost of beginning work in process
Direct materials
Conversion
Costs added this month
Direct materials
Conversion
Units
3,000
11,100
10,000
4,100
Percent
Complete for Percent
Complete for
Direct
Materials
60%
$1,511
312
19,024
22,968
90%
$1,823
41,992
Conversion
40%
40%
QS 16-12 (Algo) Weighted average: Assigning costs to output LO P1
Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that
remain in process in the Assembly department at month-end. Use the weighted average method
Transcribed Image Text:QS 16-12 (Algo) Weighted average: Assigning costs to output LO P1
Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that
remain in process in the Assembly department at month-end. Use the weighted average method.
Note: Do not round intermediate calculations.
Completed and transferred out
Direct materials
Conversion
Ending work in process
Direct materials
Conversion
Total costs accounted for
CARLBERG COMPANY
Cost assignment-Weighted average
EUP
Cost per EUP
10,000
10,000
Total Cost
$
$
0
0
0
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